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Canadians, don’t fear the fiscal cliff
Scott Barlow
— The Globe and Mail
Published
Last updated
The approach of the U.S. fiscal cliff is widely blamed for yesterday’s market selloff, but for Canadians there are strong reasons why the supposed crisis is unlikely to require a significant change in portfolio strategy.
First, the political risks for both major parties imply they will be strongly motivated to push for a negotiated settlement ahead of the year-end deadline.
